Bribery and Corruption
Bribery and corruption refer to unethical or illegal activities where individuals or organizations exchange favors, money, or gifts to gain advantages or influence decisions. Bribery can involve public officials, business partners, or employees and often undermines trust and fair business practices. Compliance programs that address bribery and corruption involve strict policies, training, monitoring, and reporting mechanisms to prevent such activities.
Ensuring adherence to anti-bribery laws and regulations helps organizations protect themselves from financial penalties, reputational damage, and legal action.